Transcription
Welcome to Zee Business's Managing Editor Anil Singhvi. Anil Sir, good morning. Dow is at a high, yet Gift Nifty is showing sluggishness. What could be the trend of Indian markets before the upcoming monetary policy? Good morning, partner. See, generally, the signals are quite good for Indian markets to start today. Crude oil has stopped around $95 today. There has been a lot of rally in America. A rally was seen wholeheartedly. The Dow increases by 800 points. Very little. And besides this, Mr. Trump's statements are also good. There is nothing troubling anywhere. Okay? So these are all the things. And as far as our markets are concerned, there has been minor selling by FIIs again yesterday. They sell around 5000 crore rupees daily. That much selling figure has come. So they are not in a mood to buy. And secondly, domestic funds are continuously buying. Now, perhaps Gift Nifty has seen a slight dip today because the whole of Asia has opened poorly. If you look at the lower side, it is down by about 2.5% and Korea is down by about 7%, 6% approximately. And because of that, there is some selling in the entire Asian market today. So it is possible. Because of this, Gift Nifty, which was seen 150 points up late yesterday evening, is showing signs of opening slightly flat. But ultimately, the biggest trigger for Indian markets today is the policy. The credit policy which is coming at 10:00 AM. So I think the market will decide its direction only after 10:00 AM, whether the Governor increases interest rates today or not. The possibility is low. The second thing is, how is his commentary? The market will try to form a future direction based on these two things. So I think it is important from that perspective, and before that, perhaps there is cautious trading. But my belief is that if there is a weak start, then a buying opportunity can arise in the markets. So, therefore, there is no need to be very scared or panic. Indian markets are comparatively good. Absolutely, sir. Now, what could be the important levels for Nifty and Nifty Bank? 23150, 23250 will act as support for you. Yesterday also, there was support around 23250. The day before yesterday, it took support around 23150. If it comes in this range, then definitely a buying opportunity can be found. On the upside, there is a range of 23550 to 700 where profit booking can come. You just need to see that you divide your strategy into two parts. One pre-policy and one post-policy. Keep these levels in mind for pre-policy. After seeing the post-policy policy, we will decide how good or bad it is. As far as Bank Nifty is concerned, 53650, 53825 is support for you before the policy. On the upside, the range of 54650 to 850 is what you can see before the policy. After the policy, we will decide further based on the larger range about what might happen. But for now, you need to focus on this range. Thank you, sir, for talking. A little while ago.